US Congress Senate Bill 2049 (Prior Session Legislation)

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Sponsorship: Bipartisan Bill
Status: Introduced on January 31 2012 - 25% progression, died in committee
Action: 2012-01-31 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Currency Optimization, Innovation, and National Savings Act - Requires the Board of Governors of the Federal Reserve System (Federal Reserve Board) to sequester all $1 coins bearing the design common to those $1 coins minted and issued from 1979-1981 and again in 1999. Allows the release of such sequestered coins to collectible coin dealers and countries that have adopted the U.S. dollar as their base unit of exchange. Directs the Federal Reserve Board to: (1) undertake efforts to improve, and remove barriers to, the circulation of all other $1 coins; and (2) work with the U.S. Mint, consumer groups, media outlets, and schools to publicize the Presidential $1 Coin Program. Declares it is U.S. policy that after consumers and retailers are comfortable using and able to obtain adequate supplies of $1 coins, such $1 coins should replace $1 Federal Reserve notes as the only $1 monetary unit issued and circulated by the Federal Reserve System.

Currency Optimization, Innovation, and National Savings Act

Sen. Tom Harkin [D-IA]	Sen. Tom Coburn [R-OK]	Sen. Michael Enzi [R-WY]	Sen. John McCain [R-AZ]
Sen. Mark Udall [D-CO]

Date	Chamber	Action
2012-01-31	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB2977 (Related) 2011-10-04 - Referred to the Subcommittee on Domestic Monetary Policy and Technology.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/2049/all-info
Text	https://www.congress.gov/112/bills/s2049/BILLS-112s2049is.pdf